Last Week

Global equities brushed off escalating trade tensions between the U.S. and China for a 1.6% weekly gain

President Trump moved forward with the much-discussed round of tariffs on $200 billion worth of exports from China. Duties will start at 10% and could rise to 25% by the start of 2019 if no deal with China is reached. As promised, China retaliated with a new round of tariffs on $60 billion of U.S. goods. Each country’s measures will take effect on September 24. President Trump has threatened a further round of tariffs on $267 billion in China goods if U.S. trade relations with China do not improve.